Amendment to Section 45 of Prevention of Money-Laundering Act: All offences now cognizable and non-bailable.

The Finance (No. 2) Bill, 2019, introduced an amendment to Section 45 of the Prevention of Money-Laundering Act, 2002. This amendment adds an explanation clarifying that all offences under this Act are considered cognizable and non-bailable. This means that, regardless of any provisions in the Code of Criminal Procedure, 1973, authorized officers can arrest an accused without a warrant, provided they meet the conditions specified in Section 19 and other relevant sections of the Act.

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